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This is a very good question and I will give a quick summary of what is happening here. The longer version can be seen on my educational video on how to create payment channels starting at 33:41 (though I would recommend to watch from the beginning to review bitcoin and notation.)
My understanding being the multi sig wallet is a temporary address which ...
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The "instant" payment of Lightning is only possible for already-established Lightning channels. New channels are subject to confirmation times like any other bitcoin transaction.
When a channel is opened, the fundee specifies a minimum depth at which the channel must be confirmed for it to be considered active. Once it has been broadcast and has reached ...
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The two answers provided are great, but I just wanted to add something short and to the point, to address what I think is the main point of your misunderstanding:
To open a LN channel, you will coordinate with a peer to create a multi-sig address and funding transaction that pays to it (there are some further details that are agreed upon during channel ...
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You can set the option --maxpendingchannels=0 to disallow peers to open channels to your node.
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